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August 11, 2015 
Daniel Lee You may have been mis-sold PPI many, many years ago by your bank or lender. You may have only just realised you’ve been sold PPI, or you may just be wondering whether or not you were all those years ago.
But, you’ve got an issue, a question that you don’t know the answer to… “How far back can I claim PPI?”
It’s one of the most common questions we get asked on a daily basis, so you are not alone.
All lenders are legally obliged to retain documentation regarding any credit agreement for a minimum period of six years once it’s been settled.
However, we find that most lenders, especially the mainstream banks, keep hold of paperwork for much longer periods.
Our free fast-track checking system, set up with almost all lenders, will allow us to see whether your lender has retained information on your account, and secondly, whether or not you were sold PPI.
We’ve had a number of claims launched with us that date back as far as the early 90s, and a very small number even go as far back as the 1980s so don’t be put off by the date of your loan, mortgage, credit card or other form of finance.
There is still a huge amount of compensation yet to be claimed, and an estimated 7 million people who haven’t yet staked their claim.
Could you be one of them?
The answer to the question how far back can you claim PPI, in short, is that you can claim PPI as far back as your lender has retained your paperwork for.
There is no deadline, but lenders will try to put up more of a fight, the older the claim is so we advise to get your claim in as soon as you can.
Remember, we don’t need account numbers and we don’t need paperwork.
So, if you’ve got a credit card from 1990, a loan from 2005 or a mortgage from 1987, don’t let the date put you off making a claim with us today.
So, if you fill out our online claim form which can be found on every page, or even download a pack.
Our experts are on hand to answer any questions you may have via telephone, email or our online chat facility.
How Far Back Can You Claim PPI?
November 3, 2014 Daniel Lee Scandal, scandal and more scandal involving UK banks.
Following on from my previous posts last week, which brought news that Barclays and Royal Bank of Scotland have been caught rigging the £3 TRILLION a day foreign exchange rates, it comes as little surprise that HSBC have also been involved.
In a long line of scandals, it appears there are very few parts of the financial industry that have not been rigged, cheated or manipulated in some way in order to make a few people very very rich.
Payment Protection Insurance (PPI) has been around for an eternity now so it may come as a surprise to learn that we estimate there are still approximately 7 MILLION people who have yet to stake their claim.
Banks and lenders, including HSBC, initially put their estimation of a final bill in the region of £25 BILLION. An astronomical figure, but well short of the £50 BILLION worth of policies that were sold.
Their numbers rely on a huge number of people not coming forward, and people accepting a rejection from the bank when, in fact, they have a valid claim.
You may recall in the last round of figures released to the city, some three months ago, an additional £75 MILLION was added to the HSBC PPI bill.
In it’s latest release today, HSBC have added almost £370 MILLION, taking the total HSBC PPI compensation bill beyond £2.5 BILLION.
If we add this to the figures released last week by Lloyds (including Halifax and Bank of Scotland), RBS (including Natwest), Barclays and Tesco, the total bill has risen by over £1.5 BILLION in a matter of a week.
Our estimations show a final bill closer to £42.5 BILLION, but again this is dependent on the millions of people who have yet to come forward, many of whom won’t be aware they’ve been sold PPI as it was often added without the knowledge of the customer.
Your Money Claim are the industry experts, beating the banks every day.
No account numbers are needed, no paperwork is needed. Fast-track systems have been set up with almost all lenders so checking to see whether you’ve had PPI is easy.
Simply complete your details on our online form which can be found on every page of the site or feel free to download a pack. Our experts are on hand to answer any questions you may have via telephone, email or our live chat facility.
HSBC PPI compensation bill
November 13, 2014 Daniel Lee For almost two decades, banks in the UK were mis-selling Payment Protection Insurance, often referred to as PPI.
This was a simple case of banks putting their own greed for making profits over providing an honest business service.
There are many examples where the banks were selling PPI to customers whom they knew would be ineligible to make a claim should the need arise.
The Co-operative Bank is just one of many banks who have been found guilty of this malpractice. If you have received financial assistance from the Cooperative bank over the last 20 years, you need to read this article!
The Co-operative Bank is a commercial and retail bank head-quartered in Manchester, UK.
There is a huge slice of irony in the fact that the Co-operative Bank, which prides and markets itself as an ethical bank, should involve itself in the mis-selling of PPI.
According to the Co-operative Bank’s 2013 Annual Report, the majority of the bank’s revenue is generated through interest charges on loans. Given the bank’s reliance on loans for income, the potential damage to the failing bank is also huge.
The practice of mis-selling PPI by the Co-operative Bank has been an expensive mistake for the bank.
As reported by the BBC in April 2014, the Co-operative Bank have set aside £103 million to compensate customers who were mis-sold PPI.
If things weren’t bad enough, the Co-operative Bank has also failed to treat customers who are claiming for PPI compensation fairly, resulting in a fine of £113,300 being handed to them by their regular, the Financial Conduct Authority.
For this reason, our advice is that you should not be deterred from pursuing a claim from your bank if they reject your initial claim. The banks will not make getting compensation easy for customers, luckily, we do!
Do you think you may have been mis-sold PPI by the Co-operative Bank? With us, it is quick and easy to make a Co-operative PPI claim.
Our fast track system allows us to gather all the information relating to your accounts and determine whether or not you may qualify for a Co-operative PPI claim.
You do not need to provide any paperwork in order to make a PPI claim – we make it easy for you!
So begin your Co-operative PPI claim today by completing our easy online claim form or downloading a pack. Our expert advisers can be contacted by phone, email or our live chat to answer any queries you may have.
Co-operative PPI claim
February 26, 2015 Daniel Lee The much troubled RBS / Natwest banking group has seen it’s fair share of misery since the financial crash, and the bad news just keeps on coming.
Every quarter banks report their profits and losses to the city and their shareholders. Hot on the heels of Lloyds, Barclays and Tesco, all of whom added a cumulative £1.1 BILLION to the PPI compensation fund, RBS have done so too.
The bank, 80% owned by UK tax payers, is also facing fraud allegations relating to the manipulation of foreign exchange rates, which affect all of us who travel abroad.
Back in July the much maligned bank topped up it’s RBS PPI bill bill by a whopping £150 MILLION.
In this latest round of figures, the bank which also includes Natwest, again added to the compensation pot, this time by £100 MILLION.
So, in the last three months it has added a cool quarter of a BILLION pounds.
This is far from being the end of the matter, and with a RBS PPI bill currently standing at £3.3 BILLION, we wouldn’t be surprised if this surpassed £4 BILLION this time next year. A bold prediction perhaps, but something we’re quietly confident about.
The latest in a long line of scandals involving UK banks, adding to the likes of PPI, LIBOR, Mortgages and toxic loans, this latest scandal affects £3 TRILLION a day.
It’s clear that the regulators simply haven’t managed to stop illegal activity and greedy ethos of modern day banking.
A £400 MILLION fine, which is what RBS is facing, for it’s part in a £3 TRILLION a day scandal, is hardly going to be a significant deterrent.
Making a PPI claim couldn’t be easier.
The above used to be stumbling blocks when it came to making a claim, but not any more.
Your Money Claim don’t need account numbers or paperwork. Our fast-track, and free, checking system with almost all banks and lenders, including RBS / Natwest means we can find out fast which accounts you’ve had, and whether you were sold PPI.
Once the checks are complete, and if you have been one of the MILLIONS who have been mis-sold PPI, we deal with the claim every step of the way.
So, why not complete our online form, or even download our pack. Our experts are on hand to answer any questions over the phone, via email or by using our online chat facility.
So, what’s stopping you?!
RBS PPI bill
October 31, 2014 Daniel Lee It’s the season when UK banks and lenders have to advise the city, and their shareholders, of their quarterly figures.
This also means that we can pretty much guarantee that the PPI bill, which is now well above the initial estimation of £25 BILLION, will be added to.
Earlier this week, the Lloyds Banking Group (which includes Halifax, Bank of Scotland and Blackhorse) confirmed they were adding a huge £900 MILLION, taking it’s bill to £11.3 BILLION.
Tesco soon following suit, adding £27 MILLION to it’s pot.
Next up, it’s the turn of Barclays.
Not long ago, three months in fact, the Barclays PPI compensation fund saw £900 MILLION added to it. Surely this astronomical amount of money would see the bank not have to add anymore for a while? WRONG!
Yesterday Barclays announced, in addition to £500 MILLION it has to pay for rigging foreign exchange rates, it’s was adding a further £170 MILLION to it’s Barclays PPI compensation fund.
This figure sees the total PPI bill in the last few days, increase by close to £1.1 BILLION, with the likes of HSBC, Royal Bank of Scotland, Natwest, Santander and the rest still yet to make their announcements.
In the last round of additions, three months ago, the bill increased by £3 BILLION. Whilst we don’t expect it to increase by quite that amount this time, our bet is that £2 BILLION will be added to the ever increasing compensation pot.
It’s simple really, the banks cannot put aside what they truly believe it will cost in one go as the negative impact this would have on it’s share price could potentially be catastrophic.
So, what do they do?…
Banks increase their PPI bills steadily, so as to still attempt to report a profit. This keeps shareholders happy, and perhaps more importantly, oblivious to what the actual final cost will be.
Add into that mix, the odd occasion when a bank may not add to it’s fund, such as Lloyds did earlier this year, and this sends so called expert analysts into a spin, making incorrect predictions that the PPI scandal is almost at an end!
It’s now clear that the banks initial estimation that the final bill would be £25 BILLION, was well short of what it actually will cost. Our figures suggest a bill closer to £42.5 BILLION, but this is dependant on two things happening…
When the PPI scandal first broke, making a claim was laborious and time-consuming, but thankfully times have changed and now it couldn’t be easier.
Your Money Claim are the industry experts when it comes to making PPI claims, and Packaged Bank Account claims.
Don’t worry if you’re unsure whether you’ve had PPI, if you don’t have any paperwork, or even if you can’t remember your account numbers.
Our fast-track systems set up with almost all banks and lenders allows us to check whether you’ve had PPI, and whether you may qualify to make a claim.
What’s more, checks are free!
So, what’s to lose? Simply fill in our online form which can be found on any page, download a pack, or chat with one of our experts on the phone, via email or using our online chat facility.
Your Money Claim, fighting your corner, and beating the banks every day.
Barclays PPI Compensation
November 4, 2015 Daniel Lee We now know that during the 1990s and 2000s that our banks and other financial institutions were mis-selling Payment Protection Insurance (PPI) on an enormous scale.
Banks were shockingly selling this insurance to customers, not for the benefit of the customer, but for the benefit of the bank, such were the astronomical profits in selling what, in many instances, was a useless product.
Whilst the insurance was designed to cover repayments in the event of accident, sickness or redundancy, a shockingly high number of consumers found that when they attempted to make a claim they were not eligible, thus rendering the insurance useless.
CitiFinancial are one of a long list of culprits and, if you ever received financial assistance from CitiFinancial, this article could help you make a Citi PPI claim.
CitiFinancial is part of Citigroup Inc. or “Citi” as it is often referred to.
Citi is an American financial services corporation, headquartered in New York. CitiFinancial were, until recently, responsible for handling Citi’s loans.
Today, CitiFinancial no longer provide this service and responsibility for existing loans has been transferred to a third party.
However, there were hundreds of thousands of customers who arranged loans through CitiFinancial during the period when the malpractice of mis-selling PPI was commonplace.
Undoubtedly, therefore, there are many thousands of customers who are victims of PPI mis-selling and deserve compensation.
If you thought that when news of this PPI scandal broke, that banks readily compensated their customers, you are wrong!
As discussed by the BBC, very few banks have “played ball” with those customers making claims for compensation, and CitiFinancial are no different.
The Financial Ombudsman Service (FOS) are responsible for settling disputes between banks and their customers claiming PPI, if agreement cannot be reached between the customer and the bank.
In 2012, the FOS were receiving PPI complaints at a rate of 400 every hour, and are still receiving over 5000 a week today!
Of the claims initially rejected by Citi, where the claimant chose to appeal to the FOS, a shocking 93% were found in favour of the customer. For this reason, you should not take “no” for an answer.
If you think you may have been mis-sold PPI by CitiFinancial, then Your Money Claim can help you to make a successful Citi PPI claim.
Our fast track system means we can gather all the information relating to your accounts and decide whether or not you may have a Citi PPI claim.
You do not need to provide any paperwork, or even remember your account numbers in order to make a PPI claim – we’ve made it easy!
So start your Citi PPI claim today by completing our easy online claim form, or downloading a pack.
Our expert advisers can be contacted by phone, email or our live chat to answer any queries you may have.
Citi PPI Claim
